FP Event: Harnessing the Potential of Population Aging
Insights and Opportunities for Development Finance
Earlier this year, new projections from UNDESA revealed that by 2050, the proportion of people over 65 years old will rise to 16 percent of the global population, compared to 10 percent in 2022. These demographic trends are affecting countries and economies around the world. The economic costs of inadequate preparation for population aging could be significant. Additionally, economists predict that fiscal and monetary policy may diminish in effectiveness as the productive labor force shrinks due to population aging. In light of these trends, major multilateral development banks and international financial institutions have a pivotal role to play in overcoming the challenges and harnessing the opportunities presented by population aging.
On the occasion of the IMF/World Bank Annual Meetings, this event featured leaders from across the financial sector who will shine a light on the economic and social impacts from demographic change, strategies for mainstreaming aging across international financial institutions, and ways to deepen collaboration with the public sector and civil society. The discussion will be underpinned by new research by FP Analytics, produced in partnership with AARP, that illuminates the innovative ways in which units within major international financial institutions are beginning to focus on demographic change and what more can be done to support older adults, particularly in low- and middle-income countries.
Join the conversation with #BenefitsOfAging.